Technical Analysis For Dummies: Preserving English Liberty, 1607-1783

An eye opener book for the stock market beginners, gives more clarity and tells the reality. Good work. Thanks 😊

excellent

I recently picked up "Technical Analysis For Dummies" to delve into the world of technical analysis, and I must say that it's been a valuable resource in my journey as a novice trader and investor. This book does an excellent job of breaking down complex concepts into digestible, easy-to-understand explanations. It starts with the very basics, assuming no prior knowledge, making it accessible even for someone entirely new to the subject. The authors use simple language and provide plenty of real-world examples to illustrate their points, which I found immensely helpful. One of the strengths of this book is its comprehensive coverage of various technical analysis tools and techniques. It goes beyond the basics of chart patterns and indicators and delves into more advanced topics like oscillators, moving averages, and Fibonacci retracements. This breadth of coverage ensures that readers get a well-rounded understanding of technical analysis. The book also emphasizes the importance of risk management and the psychology of trading, which are often overlooked but crucial aspects of successful trading. Learning about these aspects has had a significant impact on my approach to trading and has helped me avoid some common pitfalls. However, there are a couple of areas where the book could be improved. Firstly, while the authors make an effort to simplify concepts, some readers might still find certain sections a bit overwhelming, especially when it comes to interpreting complex indicators. More step-by-step guides or visual aids could have been included to assist with this. Secondly, the book primarily focuses on stock trading, and readers interested in other markets like forex or cryptocurrencies might find it somewhat limited in that regard. In conclusion, "Technical Analysis For Dummies" is an excellent resource for those looking to grasp the fundamentals of technical analysis. It's particularly valuable for beginners who want to build a solid foundation in trading and investing. While it may not be the definitive guide for advanced traders, it certainly provides a strong starting point. Just remember to complement this knowledge with real-world practice and stay disciplined in your trading approach.

The writer has nicely started from basics level. Author has given methods, hints, suggestions, and additional books references time to time. Very detailed explanation of most of the techniques and charts used in technical analysis of equities. A must read book, no matter how long you have been trading.